ECFA


At a recent American Enterprise Institute discussion of Taiwan and the ECFA, Council for Economic Planning and Development Minister Christina Liu said it would be full steam ahead if markets were reaping economic benefits and the ECFA was the right policy.  Things would completely change however, if Taiwan moved toward independence, but this probably wouldn’t be the case as most Taiwanese want to maintain the status quo which might translate to her saying the ECFA wouldn’t be accepted under Taiwanese independence or that China would withdraw benefits in such a situation.